Polymarket seeks CFTC approval for U.S. return, Bloomberg reports

Polymarket is taking steps to try to bring its main exchange back to the U.S., potentially supercharging an already fast-growing industry by letting Americans access the platform, Bloomberg’s Lydia Beyoud, Isis Almeida and Nicola M White report, citing people familiar with the matter. Since running afoul of regulators in 2022, Polymarket has technically banned Americans from trading on its international platform while a U.S.-based alternative started by the company has failed to fully launch. In recent weeks though, the company has discussed lifting the prohibition on U.S.-based customers with officials at the Commodity Futures Trading Commission, some of people said. It is unclear whether the CFTC will grant the request, the authors add.